| TA Name |
Developing Asia's Pension Systems: Overview and Reform Directions |
| Country |
Regional |
| TA Number |
7357 |
| Project Number |
42326-
01 |
| Fund Source/Amount[Approved] |
| Technical Assistance Special Fund |
US$400,000
|
|
| Thematic Classification |
Economic growth
Social Development
Governance
|
| Linkage to Country/Regional Strategy |
Rapid population ageing is bringing out the issue of old age income support to the fore throughout developing Asia. Population ageing is relatively more advanced in East and Southeast Asia than in South Asia. For this reason, the primary focus of this study will be East and Southeast Asia. Although demographic transition toward older populations is by far the most important rationale for pension reform ¿ i.e. building up pension systems capable of delivering affordable, adequate and sustainable old-age income support ¿ there are other rationales as well. In particular, the weakening of informal family-based old age income support has strengthened the need for effective pension systems. Broadly speaking, this TA will help to produce an organized body of knowledge which informs policymakers and the general public about (1) where East and Southeast Asian pension systems are today (2) where they need to go and (3) what they need to do to get there. By creating, organizing and disseminating policy-relevant knowledge about the region's pension systems, ADB can assist its DMCs to learn from the experiences of each other, and to build up pension systems which promote the inclusion of a large and growing segment of the population ¿ the elderly ¿ in the development process. Asia's demographic realities mean that the political and economic constraints to sustaining rapid economic growth will become overwhelming in the absence of effective pension systems. Therefore, the case for pension reform is as much economic as social.
|
| Impact |
Improved understanding of the pensions systems of East and Southeast Asian countries-their main structural features, main weaknesses, and strategic directions for reform.
|
|
|
| Procurement |
| Consulting Services |
Consulting services yet to be determined.
|
| Responsible ADB Officer |
Donghyun Park
|
| Responsible ADB Department |
Economics and Research Department
|
| Responsible ADB Division |
Macroeconomics and Finance Research Division
|
| Executing Agencies |
Asian Development Bank
|
| Concept Clearance |
21 Aug 2008 |
| Approval |
02 Oct 2009 |
| ADB |
Others |
Gov |
Total |
Approved Amount |
Revised Amount |
|
$400,000.00
|
$0.00
|
$0.00
|
$400,000.00
|
$400,000.00
|
$0.00
|
| Total Commitment |
Uncommited Balance |
Total Disbursement |
Undisbursed Balance |
|
$96,500.00
|
$303,500.00
|
$0.00
|
$400,000.00
|
|
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